Press review - page 687

 
Intra-Day Fundamentals - GBP/USDUSD/CNH and Brent Crude Oil: United States Gross Domestic Product (GDP)

2020-10-20 13:30 GMT | [USD - GDP]

  • past data is -31.4%
  • forecast data is -37.9%
  • actual data is 33.1% according to the latest press release

if actual > forecast (or previous good for currency (for USD in our case)

[USD - GDP] = Annualized change in the inflation-adjusted value of all goods and services produced by the economy.

==========

From official report :

  • "Real gross domestic product (GDP) increased at an annual rate of 33.1 percent in the third quarter of 2020 (table 1), according to the "advance" estimate released by the Bureau of Economic Analysis. In the second quarter, real GDP decreased 31.4 percent."

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GBP/USD: range price movement by  United States Gross Domestic Product news events

GBP/USD: range price movement by  United States Gross Domestic Product news events

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USD/CNH: range price movement by  United States Gross Domestic Product news events

USD/CNH: range price movement by  United States Gross Domestic Product news events

==========

Brent Crude Oil: range price movement by  United States Gross Domestic Product news events

Brent Crude Oil: range price movement by  United States Gross Domestic Product news events

==========

Chart was made on MT5 with Brainwashing system/AscTrend system (MT5) from this thread (free to download) together with following indicators:

Same system for MT4:

  1. Brainwashing. Trades: manually and using EAs (MT4)
  2. Brainwashing EAs - the thread (MT4)
  3. Brainwashing: system setup for trading manually and for EAs (MT4) - the thread 
  4. Brainwashing: system development (MT4) - the thread
Economic calendar - real-time news and reports, as well as the schedule of forthcoming world economy events
Economic calendar - real-time news and reports, as well as the schedule of forthcoming world economy events
  • www.mql5.com
Economic calendar includes most important economic indicators and events from ministries and agencies of different countries. The Calendar is useful for traders in the forex market, stock exchanges and other financial markets.
 

USD/CAD Intra-Day FundamentalsCanada GDP and range price movement 

2020-10-30 12:30 GMT | [CAD - GDP]

  • past data is 3.1%
  • forecast data is 3.3%
  • actual data is 1.2% according to the latest press release

if actual > forecast (or previous good for currency (for CAD in our case)

[CAD - GDP] = Change in the inflation-adjusted value of all goods and services produced by the economy.

==========

From official report :

  • "Real gross domestic product (GDP) grew 1.2% in August, following a 3.1% increase in July. This fourth consecutive monthly increase continued to offset the steepest drops on record in Canadian economic activity observed in March and April, however overall economic activity was still about 5% below February's pre-pandemic level."

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USD/CAD: range price movement by Canada GDP news event 

USD/CAD: range price movement by Canada GDP news event

==========

Chart was made on MT5 with Brainwashing system/AscTrend system (MT5) from this thread (free to download) together with following indicators:

Economic calendar - real-time news and reports, as well as the schedule of forthcoming world economy events
Economic calendar - real-time news and reports, as well as the schedule of forthcoming world economy events
  • www.mql5.com
Economic calendar includes most important economic indicators and events from ministries and agencies of different countries. The Calendar is useful for traders in the forex market, stock exchanges and other financial markets.
 

EUR/USD - daily breakdown with the bearish reversal; 1.1612 is the key (based on  the article)

EUR/USD daily Ichimoku chart by Metatrader 5

  • "The European Central Bank dropped the strongest possible hint last Thursday that it’s planning to ease Eurozone monetary policy still further in December."
  • "EUR/USD is well supported at the 1.16 level but, if that breaks, substantial further losses look likely."

============

The chart was made on daily timeframe with Ichimoku market condition setup (MT5) from this post (free to download for indicators and template) as well as the following indicators from CodeBase:

 

AUD/USD Intra-Day Fundamentals: RBA Cash RateRate Statement and range price movement 

2020-11-03 03:30 GMT | [AUD - Cash Rate]

  • past data is 0.25%
  • forecast data is 0.10%
  • actual data is 0.10% according to the latest press release

if actual > forecast (or previous value) = good for currency (for AUD in our case)

[AUD - Cash Rate] = Interest rate charged on overnight loans between financial intermediaries.

==========

From official report :

  • "At its meeting today, the Board decided on a package of further measures to support job creation and the recovery of the Australian economy from the pandemic. With Australia facing a period of high unemployment, the Reserve Bank is committed to doing what it can to support the creation of jobs."

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AUD/USD: range price movement by RBA Cash Rate news event 

AUD/USD: range price movement by RBA Cash Rate news event

==========

Chart was made on MT5 with BrainTrading system (MT5) from this thread (free to download) as well as the following indicators from CodeBase:

All about BrainTrading system for MT5: 

Economic calendar - real-time news and reports, as well as the schedule of forthcoming world economy events
Economic calendar - real-time news and reports, as well as the schedule of forthcoming world economy events
  • www.mql5.com
Economic calendar includes most important economic indicators and events from ministries and agencies of different countries. The Calendar is useful for traders in the forex market, stock exchanges and other financial markets.
 

NZD/USD Intra-Day Fundamentals: New Zealand  Employment Change and range price movement  

2020-11-03 21:45 GMT | [NZD - Employment Change]

  • past data is -0.4%
  • forecast data is 0.2%
  • actual data is -0.8% according to the latest press release

if actual > forecast (or previous good for currency (for NZD in our case)

[NZD - Employment Change] = Difference in value between imported and exported goods during the reported month.

==========

From official report :

  • "In the September 2020 quarter, the seasonally adjusted number of unemployed people rose by 37,000 to reach 151,000, as the impact of COVID-19 hit the labour market, Stats NZ said today."

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NZD/USD: range price movement by New Zealand  Employment Change news event 

NZD/USD: range price movement by New Zealand  Employment Change news event

==========

Chart was made on MT5 with Brainwashing system/AscTrend system (MT5) from this thread (free to download) together with following indicators:

==========

Same systems for MT4/MT5:

The beginning

  1. ASCTrend system, the beginning, part #1
  2. ASCTrend system, the beginning, part #2
  3. ASCTrend system, the beginning, part #3
  4. ASCTrend system, the beginning, part #4 
  5. Digital ASCTrend (Digital Filters with ASCTrend system combined).
  6. LabTrend (LabTrend indicators, LabTrendZigZag, templates, Labtrend EAs) - the thread 

After

Economic calendar - real-time news and reports, as well as the schedule of forthcoming world economy events
Economic calendar - real-time news and reports, as well as the schedule of forthcoming world economy events
  • www.mql5.com
Economic calendar includes most important economic indicators and events from ministries and agencies of different countries. The Calendar is useful for traders in the forex market, stock exchanges and other financial markets.
 

Intra-Day Fundamentals - Dax Index, GOLD (XAU/USD) and Dollar Index (DXY): United States Nonfarm Payrolls

2020-11-06 13:30 GMT | [USD - Non-Farm Employment Change]

  • past data is 672K
  • forecast data is 595K
  • actual data is 638K according to the latest press release

if actual > forecast (or previous value) = good for currency (for USD in our case)

[USD - Non-Farm Employment Change] = Change in the number of employed people during the previous month, excluding the farming industry.

==========

From official report :

  • "Total nonfarm payroll employment rose by 638,000 in October, and the unemployment rate declined to 6.9 percent, the U.S. Bureau of Labor Statistics reported today. These improvements in the labor market reflect the continued resumption of economic activity that had been curtailed due to the coronavirus (COVID-19) pandemic and efforts to contain it. In October, notable job gains occurred in leisure and hospitality, professional and business services, retail trade, and construction. Employment in government declined."

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Dax Index: range price movement by Nonfarm Payrolls news events

Dax Index: range price movement by Nonfarm Payrolls news events

==========

GOLD (XAU/USD): range price movement by Nonfarm Payrolls news events


GOLD (XAU/USD): range price movement by Nonfarm Payrolls news events

==========

Dollar Index (DXY): range price movement by Nonfarm Payrolls news events

Dollar Index (DXY): range price movement by Nonfarm Payrolls news events

==========

Chart was made on MT5 with Brainwashing system/AscTrend system (MT5) from this thread (free to download) together with following indicators:

Same system for MT4:

  1. Brainwashing. Trades: manually and using EAs (MT4)
  2. Brainwashing EAs - the thread (MT4)
  3. Brainwashing: system setup for trading manually and for EAs (MT4) - the thread
  4. Brainwashing: system development (MT4) - the thread
Economic calendar - real-time news and reports, as well as the schedule of forthcoming world economy events
Economic calendar - real-time news and reports, as well as the schedule of forthcoming world economy events
  • www.mql5.com
Economic calendar includes most important economic indicators and events from ministries and agencies of different countries. The Calendar is useful for traders in the forex market, stock exchanges and other financial markets.
 

EUR/USD - daily breakout with bullish reversal; 1.1917 is the key (based on  the article)

EURUSD daily Ichimoku chart by Metatrader 5

  • "The Euro gained cautiously against its major counterparts this past week on a very close US presidential election race. Most of its strength was against haven-linked currencies like the US Dollar and similarly-behaving Japanese Yen. Where it suffered was against growth-oriented ones like the New Zealand Dollar and Australian Dollar. The latter two appreciated alongside the Dow Jones, S&P 500 and Nasdaq Composite."

============

The chart was made on daily timeframe with Ichimoku market condition setup (MT5) from this post (free to download for indicators and template) as well as the following indicators from CodeBase:

Euro Forecast: EUR/USD Gains on Election, EU-US Tariffs to Derail Markets?
Euro Forecast: EUR/USD Gains on Election, EU-US Tariffs to Derail Markets?
  • Daniel Dubrovsky
  • www.dailyfx.com
The Euro gained cautiously against its major counterparts this past week on a very close US presidential election race. Most of its strength was against haven-linked currencies like the US Dollar and similarly-behaving Japanese Yen. Where it suffered was against growth-oriented ones like the New Zealand Dollar and Australian Dollar. The latter...
 

NZD/USD Intra-Day Fundamentals: RBNZ Official Cash Rate, RBNZ Monetary Policy Statement and range price movement  

2020-11-11 01:00 GMT | [NZD - Official Cash Rate]

  • past data is 0.25%
  • forecast data is 0.25%
  • actual data is 0.25% according to the latest press release

if actual > forecast (or previous good for currency (for NZD in our case)

[NZD - Official Cash Rate] = Interest rate at which banks lend balances held at the RBNZ to other banks overnight.

==========

From official report :

  • "The Monetary Policy Committee agreed to provide additional monetary stimulus to the economy in order to meet its consumer price inflation and employment remit. The Committee agreed that the additional stimulus would be provided through a Funding for Lending Programme (FLP), commencing in December. The FLP will reduce banks’ funding costs and lower interest rates."

==========

NZD/USD: range price movement by RBNZ  Official Cash Rate news event 

NZD/USD: range price movement by RBNZ  Official Cash Rate news event

============

Chart was made on MT5 with BrainTrading system (MT5) from this thread (free to download) as well as the following indicators from CodeBase:

All about BrainTrading system for MT5:

Economic calendar - real-time news and reports, as well as the schedule of forthcoming world economy events
Economic calendar - real-time news and reports, as well as the schedule of forthcoming world economy events
  • www.mql5.com
Economic calendar includes most important economic indicators and events from ministries and agencies of different countries. The Calendar is useful for traders in the forex market, stock exchanges and other financial markets.
 

U.S. Commercial Crude Oil Inventories news event: daily breakout with the bullish reversal; 45.27 is the key

2020-11-12 16:00 GMT | [USD - Crude Oil Inventories]

  • past data is -8.0M
  • forecast data is -2.0M
  • actual data is 4.3M according to the latest press release

[USD - Crude Oil Inventories] = Change in the number of barrels of crude oil held in inventory by commercial firms during the past week.

==========

"U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve) increased by 4.3 million barrels from the previous week."

==========

Crude Oil: range price movement by  U.S. Commercial Crude Oil Inventories news events 

Crude Oil: range price movement by  U.S. Commercial Crude Oil Inventories news events

Crude Oil: range price movement by  U.S. Commercial Crude Oil Inventories news events

==========

Chart was made on MT5 with Brainwashing system/AscTrend system (MT5) from this thread (free to download) together with following indicators:

==========

Same systems for MT4/MT5:

The beginning

  1. ASCTrend system, the beginning, part #1
  2. ASCTrend system, the beginning, part #2
  3. ASCTrend system, the beginning, part #3
  4. ASCTrend system, the beginning, part #4 
  5. Digital ASCTrend (Digital Filters with ASCTrend system combined).
  6. LabTrend (LabTrend indicators, LabTrendZigZag, templates, Labtrend EAs) - the thread 

After

EIA Crude Oil Stocks Change - economic indicator from the United States
EIA Crude Oil Stocks Change - economic indicator from the United States
  • www.mql5.com
EIA Crude Oil Stocks Change is included in the weekly report issued by the Energy Information Administration of the US Department of Energy. It presents the number of barrels of commercial crude oil held by US companies. EIA includes this report into Weekly Petroleum Status Report (WPSR) along with other information on supplies, stocks and...
 

USD/CNH Intra-Day Fundamentals: China Unemployment Rate and range price movement 

2020-11-16 02:00 GMT | [CNY - Unemployment Rate]

  • past data is 5.4%
  • forecast data is 5.6%
  • actual data is 5.3% according to the latest press release

if actual < forecast (or previous good for currency (for CNY in our case)

[CNY - Unemployment Rate] = Percentage of the total urban work force that is unemployed and actively seeking employment during the previous month.

==========

From asia.nikkei article :

  • "China's economic recovery continued last month, though signals were mixed as the latest consumption indicator was weaker than expected, even as fixed-asset investment and industrial output activity beat forecasts, official data showed on Monday. The labor market also improved as China's surveyed urban unemployment rate eased to 5.3% in October from 5.4% the previous month, NBS data showed. Newly created urban jobs reached nearly 10.1 million in the first 10 months, hitting the annual target of 9 million ahead of schedule."

==========

USD/CNH: range price movement by China Unemployment Rate news event 

USD/CNH: range price movement by China Unemployment Rate news event

USD/CNH: range price movement by China Unemployment Rate news event

==========

Chart was made on MT5 with BrainTrading system (MT5) from this thread (free to download) as well as the following indicators from CodeBase:

All about BrainTrading system for MT5: 

Economic calendar - real-time news and reports, as well as the schedule of forthcoming world economy events
Economic calendar - real-time news and reports, as well as the schedule of forthcoming world economy events
  • www.mql5.com
Economic calendar includes most important economic indicators and events from ministries and agencies of different countries. The Calendar is useful for traders in the forex market, stock exchanges and other financial markets.